What are your interest rates?
A: Fourth Fleet Financial works with
multiple lenders so that we can provide the best loans with the best
rates. Your specific interest rate will depend on
your credit profile. Our job is to match you with the lender who can provide the best loan for
Q: What lenders does Fourth Fleet work with?
A: Fourth Fleet only partners with
national lenders who specialize in auto finance and provide both great
rates and quality customer service. We are a meaningful source of quality
customers for lenders with whom we have corporate partnerships, therefore
you benefit from our long-term relationships. It is our practice to constantly
evaluate additional lenders with leading rates and the best programs
to add to our platform when identified.
Q: How does the Fourth Fleet process work?
A: Obtaining a loan can be confusing
and maybe even uncomfortable for some people. At Fourth Fleet, we consider
it our job to make the experience as convenient and friendly as possible.
To do so, Fourth Fleet reviews your credit profile to match you with
a lender. With ongoing personal communication, we inform you when the loan is approved,
assist you with required paperwork, act as your advocate and manage the
lender through the funding process and ensure a timely, accurate and
easy loan funding for you.
Q: When will I know if I'm approved?
A: Over 80% of our loan decisions occur
in one business day.
Q: What if my credit is bad? Is it possible for me
to get financing?
A: Our lenders are going to look at an
applicants credit score as well as the vehicle information including mileage
and loan to value ratio. Unfortunately at this time, we do not have have any
lenders who will finance vehicles with over 120K miles.
Q: Can I apply with a co-applicant?
A: Yes. A co-applicant can increase
the chances of getting your loan approved, assuming the co-applicant
has acceptable credit. In cases where your credit is not perfect or your
income is not over $2,000 per month, we suggest using a co-applicant.
Q: If I'm not approved, can I use a co-signer?
A: Yes. A co-applicant, or co-signer
(they both mean the same thing) can increase the chances of getting your
loan if you're application is declined.
Q: Can I apply online?
A: Fourth Fleet works with our sister company,
NOVAK MOTORS to provide a secure online
application for your convenience. Once you have submitted the application
online, we will send you an email acknowledging that the application has been received and
is being processed.
Q: How long does it take to apply?
can be completed online. It will take 5-15 minutes depending on your situation.
Q: What about DMV or Transportation Department paperwork,
sales taxes and title fees?
A: The process can vary and depends
on the loan product, but in all cases, DMV or Transportation Department
paperwork is handled as part of the loan process. We share DMV or Transportation
Department processing duties with our lending partners in an effort to
provide the most expedient service possible. Applicable sales taxes and
title fees are typically included in the loan as well. When you receive
your loan documents, these items and the process will be explained to
you. Of course, you can call your Fourth Fleet loan consultant if you
have any questions along the way.
Q: Does applying affect my credit?
A: The process of applying for an automobile
loan will result in your credit being accessed by one or more
of our lending partners. Credit reporting agencies now count multiple
credit inquiries from the same type of business (automobile or home loan
lenders, for example) accessed over a 30 day period as a single (one)
inquiry. Fourth Fleet and all our lending partners use the same business
or industry code, so even multiple credit inquiries will count as a single
Q: Does Fourth Fleet offer extended service protection
A: Yes. We pride ourselves on offering
only the best products backed by reputable, U.S.-based, top rated insurance
companies with high customer satisfaction ratings for service contracts.
Extended Service Protection protects your car after the manufacturer's warranty expires.
You may purchase one as part of your loan.
Q: What's the status of my loan?
A: You may call us at 1-800-259-7472
from 8:00 a.m. to 5:00 p.m. cst Monday through Friday and ask your loan consultant for the status of
Q: How does the Fourth Fleet process work?
A: You submit the application securely online. We will then email
you with an approved loan quote or let you know we were not able to find a match. Once you have decided
to take our loan product, you email or fax us your fleet or lease payoff documents. This starts the loan process.
We will then email you the lenders loan documents for you to sign and mail back to us. Once funded, we will payoff your
lease or fleet company and assist you in the title transfer process.